Oil production in Kurdistan averaged 451,000 barrels per day in July, according to a senior Kurdish official.
“We have produced more than 451,000 barrels per day, since the beginning of July, which would be some 14 million barrels,” said Taha Zangana, deputy minister of the Kurdistan Regional Government’s (KRG) Oil and Natural Resources Ministry.
Speaking at an economic conference in Erbil, Zangana also confirmed that the oil industry in the region has a bright future, with a number of key projects in the pipeline.
“Three refineries are authorised and more than 1,700 other companies are working as service companies,” he said.
“As the Ministry of Natural Resources, we are still working according 2007 oil laws which allows the KRG to look for oil and gas inside the Kurdistan Region,” Zangana stated.
Kurdistan exports the majority of its oil via a pipeline to the Turkish Mediterranean port of Ceyhan.